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20121202
20121210
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about the possibility of taxes going up because there aren't enough in sacramento to block it. lawmakers ushered in the new era today at the capitol after the election and as we report, democrat contract now hold essentially all the power. >> please wrist your right hand and repeat after me. >>reporter: new session begins with a dramatically reshaped legislature with democrat contract holding super majority powers in both houses. giving them the authority to raise taxes without republicans and override gubernatorial veto. still newly upon atheed assembly speaker vows to listen to the g.o.p. >> find the rate solution for the challenges facing our state is not the task of one party or one house. >>reporter: already though democrat contract have introduced a constitutional amend tomorrow make changes to proposition 13. the landmark initiative that limits how property taxes are assessed and requiresthirds vote for any new taxes. state senator proposal asked voters to allow logical communities to raise taxes for schools with 55 percent of the voychlt allowing a third of the state to or l
the fiscal cliff deadline. no progress was made in washington. the main sticking point are about tax cuts that are set to expire and the president's demand that the wealthy pay more in taxes. the uncertainty of what is going to happen is starting to have an impact on donations to charity. abc7 news reporter ama dates dates is live in the newsroom. >> it is possible the tax deduction for charitable giving could be capped next year. so the question is do you hold on to your money during the financial uncertainty or donate more while you know you will get a deduction. for one charity in san francisco it seems people are doing a little of both. the food pantry at the st. anthony foundation is in good shape today, but overall donations are down for the year. >> we are a little bit behind where we would like to be, where we are budgeted to be. >> the interim executive director says the charity is seeing interesting trends this holiday season that may have to do with the impending fiscal cliff. >> we are seeing people who have never given us a stock donation before stepping up and making that ki
congressional republicans. the president released this new campaign-style video overnight calling for tax relief for working families. both sides remain far apart. without a deal, nearly every american will pay more income tax between $2,000 and $2400 for the average family. democrats want tax increases to kick in for the wealthy. republicans have drawn a line in the sand on raising tax rates. >>> in less than an hour the moraga teen denied an eagle scout award because he's gay will be honored by the california state assembly. by openly gay assembly speaker john perez. ryan spent 10 years working to earn his award but was denied. his mother started an online petition drive to try to quinn the organization to reverse their -- to convince the organization to reverse their decision. >>> now to the royal baby news that is creating a buzz worldwide. the future king of england and his beautiful bride are expecting a prince or princess. the royal palace made the announcement this morning after the duchess was admitted to a london hospital with a severe bout of morning sickness. news comes a year and a
debate. president wants debt reduction that includes higher taxes on the wealthy. congressional replicans came one a counter proposal. their plan would reduce the naonal debt by 2.2 trillion including 800 biion in new tax revenue but no tax increase for the top 2% of earners. if congress and president can not reach an agreement income taxes will automatically go up for nearly all americans. >> 7 news teaming up with a job journal for another higher event. cawt have more than 350 jobs available at the free event in san jose. >> among the company hiring, hyatt regency santa clara. california army nional guard. new york life insurance an financial services as well as sleep traino what to do bring the sume to the double tree hotel in san jose from noon until 4 tomorrow. good opportunity to perhaps find the job you are looking for. >> magician from chico is recovering from severe burns to his head and face it happened while wayne was performing on television in the dominican public and thehow host douses himith cologne that is flammable. the head burst in flames. suffed first s
the possible long term impact, the tax increases voters approved in proposition 30 could have on our state's economy. nannette miranda has the story tonight from sacramento. >> governor brown successfully got voters to approve proposition 30, a temporary income tax increase on high earners and a boost to the statewide sales tax to save public schools. but a new forecast calls it a double-edged sword because it will drag the economy slowing growth. >> republicans have been saying that for some time. any time that you have higher taxes, it changes behavior but it also dampens the economic recovery. >> they estimated payroll growth to be between 1-2% in the next two years. it predicts unemployment rate will average 10.5% by the end of the year and then go to 9.7% next year with a jobless rate of 8.4% in 2014. >> i think it's an oversimplification. >> an economist who is school finance consultant. he says it doesn't take into account if they rejected prop 30 six billion in cuts mostly to public education. he thinks californians want to trade short term growth for an investment in kids. >> we w
others could have been saved by a partial tax measure that failed last month. today the contra costa county supervisors were grappling with shutting four of the stations. >> we did say we would listen to what the voters said. they either would want us to continue the current service level, or they would not approve it. unfortunately it did not get the two-thirds it n >> the vote was postponed, but many feefl it is inevitable because the district feels it needs to shutdown two more stations by july of next year. >> the county supervisors will vote to close down the stations next tuesday. as i mentioned, they will also have to close down two more by july of next year along with one or two more by july of 2014. reporting live in martinez, alan wang, abc7 news. >> thank you. >>> a school in new jersey was forced to remove a bob marley branded drink from the lunchroom after several students became ill. it is called marley's mellow mood. the drink's label says it is not intended for children, however several middle school students bought it on campus. some became lethargic and volume milte
closes tax loop hole that mostly benefited out of state corporations. it's a billion dollar a contrary funding boost for the state. half goes to the general fund. the other half to the energy needs of schools that could mean no more puty around the window sill. >> theeled puty has been there forever. >>reporter: they make them sauna in the summer and freezer in the winter. sooins teacher hunter says those conditions hinder learning. >> kids go from classroom to classroom the experience is the same situation until after 3 or 4 hours of that it's pretty hard for them to focus. >>reporter: lawmakers just introduced measures to get project money out the door by next summer. retrofitting is expected to cut energy cost at least 30 percent. >> do we want to give them great new energy efficiency and clean energy technology then bring them up to the 21st century. >>reporter: when upgrading done the 4 billion dollars guess to the state general fun. this is abc 7 news. >> all right let's move back-talk about the weather forecast. spencer is tracking the next storm that is coming in not ne
Search Results 0 to 6 of about 7

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